Henry Miller once suggested: “It is the American vice, the democratic disease which expresses its tyranny by reducing everything unique to the level of the herd.” Nothing quite exhibits that thinking better than the latest reports that money has been flowing back into equity mutual funds as the markets head towards their all-time highs, as if there were little to consider in the world.

So today on the Financial Impact Factor Radio with Paul Petillo, Dave Kittredge and Dave Ng we discuss why this is happening, if it is good or bad and whether you can do anything about where the herd wants to take the markets. So this led us to a discuss about mortgages, why we aren’t responding to all of the information surrounding the apparent affordability of homes as compared to incomes and if it is worth the effort. The banking industry wants a herd. But you are resisting and they can’t figure out why.

Listen to Financial Impact Factor Radio with your hosts:
Paul Petillo of Target2025.com/BlueCollarDollar.com and Dave Kittredge and Dave Ng of FinancialFootprint.com

 

When we look back on the science of the brain, we find a 400-year history of looking at this organ as a machine, each section performing a mental function based on a single location. Then we saw it as a computer, hard wired with critical functions and circuitry that could change only within a window of opportunity, a time when some neuroscientists believe the brain had its most pliable moment, a plasticity if you will. As we aged, these moments became less frequent as we believed we are who we are and changing the direction of where we are going was much more infrequent. If you have ever attempted to learn a new language for instance, or wanted to master a musical instrument later in life, you know what I’m speaking of. It seems harder or at least we tell ourselves that it is.

Today on the Financial Impact Factor Radio with Paul Petillo, Dave Kittredge and Dave Ng, we have a practicing psychologist who specializes in financial psychology and relationship issues, Dr. Maggie Baker. She has been in this field for 30 years and is the author of the insightful book, Crazy about Money.

Listen to Financial Impact Factor Radio with your hosts:
Paul Petillo of Target2025.com/BlueCollarDollar.com and Dave Kittredge and Dave Ng of FinancialFootprint.com